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Cryptocurrency market crashed


六月, 22 2021
watermark Economic news

Over the past day, the cryptocurrency market collapsed, and the fall of some assets was 10-20%. The main reason for this was the restrictions on mining in China, one of the world's centers for generating digital currencies.


The most popular cryptocurrency, Bitcoin, fell to $31,511 thousand, having lost more than 11% of its value. Ethereum has fallen in price by 8%, to $1,948 thousand. Dogecoin fell more than the rest – by 23% to $ 0.2.


The fall began after the authorities in China's Sichuan province, one of China's mining centers, cut power to 26 mining companies in mid-June. Traders fear China will continue to tighten mining conditions.


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外汇本质上有高度的投机性和复杂性,可能并不适合所有投资者。 外汇交易可能会带来重大的收益或损失。 因此,建议您不要承担无法承受的损失。 在使用ForexMart提供的服务之前,请确认外汇交易相关联的风险。 必要时寻求独立的财务意见。请注意,过去的业绩和预测都不是未来结果的可靠指标。